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Petróleo Brasileiro S.A. – Petrobras informs that it put into production, this Wednesday, 08/16/2023, the Anita Garibaldi platform ship in the Campos Basin. Of the FPSO type (floating system that produces, stores and transfers oil), the unit will operate simultaneously in the post-salt and pre-salt of the Marlim and Voador fields. With a capacity to... Continue Reading →
(PN) The Brazilian Institute of the Environment (IBAMA) granted Petrobras the license to operate the Anita Garibaldi FPSO, which should begin its activities in the coming weeks. The unit has the capacity to produce up to 80,000 barrels of oil per day (bpd) and process up to 7 million m³ of gas per day. FPSO... Continue Reading →
(PN) Petrobras will have 47 projects included in the new Growth Acceleration Program (PAC), launched this Friday, in Rio de Janeiro, by President Luiz Inácio Lula da Silva. The company's investments in PAC 2023 amount to R$ 323 billion. The president of Petrobras, Jean Paul Prates, highlighted, among them, pre-salt production systems, revitalization of conventional... Continue Reading →
(OE) Oil and gas company Global Petroleum said Monday that the Namibian Ministry of Mines and Energy had given approval for the company and its partners to proceed to the First Renewal Period ("FRP") of Walvis Basin license PEL 94, with a duration of two years from September 2023 to September 2025. The work commitment... Continue Reading →
(Reuters) - Frontera Energy (FEC.TO) and its unit CGX Energy (OYL.V) expect to complete an analysis in the next two to three months of the Wei-1 oil well in Guyana before deciding whether to upgrade an exploration license to its development phase, Frontera said on Friday. The Frontera-CGX group could become the next oil consortium to advance an oil... Continue Reading →
(Reuters) Guyana’s parliament on Thursday passed long-awaited oil legislation that grants the natural resources minister extensive power over its multi-billion-dollar oil industry. The new rules will be applied to future projects in the South American country, including from an oil blocks auction scheduled for the fourth quarter. A group led by Exxon Mobil Corp XOM.N... Continue Reading →
Solstad Offshore has been awarded two contracts worth $100 million in total from Brazilian clients. The Norwegian offshore vessel owner said that its construction support vessel, Normand Pioneer, won an extension of its charter contract with the Brazilian oil company PRIO for a period of 18 months to August 2025. The vessel will support PRIO's... Continue Reading →
(PN) Petrobras conducted performance tests of an innovative model of offshore wind technology, a pioneer in Brazil, in collaboration with the Polytechnic School of USP. The tests aimed to evaluate the functioning of a small-scale floating wind system, composed of a wind turbine mounted on a four-column semi-submersible structure. This configuration was positioned in the... Continue Reading →
(C) The first platform with fully electrified (all-electric) combined cycle systems in the country will be installed off the coast of Espírito Santo in 2025, announced Petrobras, the project will allow greater operational efficiency, in addition to reducing greenhouse gas emissions. The confirmation of the platform, called FPSO Maria Quitéria, which will be located in... Continue Reading →
(Reuters) Guyana and the Dominican Republic on Tuesday signed a memorandum of understanding to cooperate on recruiting companies to build a 50,000-barrel-per-day refinery in Guyana that would tap the country's oil wealth. Any project would be at least 51% owned by the Dominican Republic government, according to the terms of the preliminary agreement, which was... Continue Reading →
Brazil Energy Insight 